Del Frisco slips 5% after IPO

WilliamSpain

CHICAGO (MarketWatch) -- Del Frisco Restaurant Group
DFGR
was having a bit of a rough go on its first day of trading as a public company as shares slipped more than 5% out of the gate. The steakhouse chain had already trimmed its initial public offering to 5.8 million shares at $13 each from a previous goal of 7 million shares between $14 and $16. Shares of the company, which operates Del Frisco's and Sullivan's steakhouses, was down 70 cents at $12.30 in midday action.

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